Even when inflation is taken into account, retail revenues in Slovakia for the whole of last year rose by 4.3 percent year-on-year (y-o-y), with six of the nine monitored retail segments posting growth, the Statistics Office reported on Monday.
"The retreat of the pandemic was reflected in the retail trade by customers returning to specialised outlets. The full-year result for the sector was driven by moderate growth in the sales of hypermarkets and supermarkets and more dynamic growth in specialised food and tobacco shops, as well as in drugstores, footwear and clothing stores," stated the office.
Accommodation facilities doubled their revenues y-o-y last year, but their nominal value remained below the level of the pre-pandemic year of 2019. Despite inflation, pubs and restaurants increased their sales by 19 percent y-o-y in 2022.
Growth in the revenues of hypermarkets and supermarkets reached 3.6 percent y-o-y last year, while specialised outlets selling other goods (drugstores, footwear and clothing stores) recorded 13.7-percent growth in revenues in 2022.
Conversely, the results of the retail industry as a whole were negatively influenced by the revenues of petrol stations and those of entities without outlets, including delivery services. "Although their revenues were higher than the year before, they fell when inflation is taken into account and fixed prices are applied, with the decline amounting to 0.3 percent in the case of petrol stations and over 5 percent in the case of entities without outlets," said the Statistics Office.
In December 2022 alone, retail revenues grew by almost 3 percent y-o-y. Concerning the sectors that account for the largest shares of revenues, the figure was most significantly influenced by y-o-y growth recorded by hypermarkets and supermarkets (1 percent) and specialised outlets selling other goods (17.4 percent). The revenues of petrol stations rose in the final month of last year as well, going up by 6.4 percent.